Privacy Policy

Effective June 2021

FACTS

What does Waterman Bank do with your personal information?

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. Please read this notice carefully to understand what we do.

What?

The types of information we collect and share depend on the product or service you have with us. This information can include:

Social Security Number
Credit History
Account Balances
Payment History
Accounting Transactions
Checking Account Information

When you are no longer our customer, we continue to share your information as described in this notice.

How?

All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Waterman Bank chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information

Does Waterman Bank Share?

Can you limit this sharing?

For our everyday business purposes –

such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus.

Yes

For our marketing purposes –

to offer our products are services to you.

We don’t share

For joint marketing with other financial companies

We don’t share

For our affiliates’ everyday business purposes –

information about your transactions and experiences.

We don’t share

For our affiliates’ everyday business purposes –

information about your creditworthiness.

We don’t share

For non affiliates to market to you

We don’t share

Questions?

Call 815-264-3201

What We Do

How does Waterman Bank protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.

How does Waterman Bank collect my personal information?

We collect your personal information, for example, when you:

Open an account
Give us your contact information
Apply for a loan
Show your driver’s license
Make deposits or withdrawals from your account

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only:

sharing for affiliates’ everyday business purposes – information about your creditworthiness
affiliates from using your information to market to you
sharing for non affiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

Waterman Bank does not share with our affiliates.

Non Affiliates

Companies not related by common ownership or control. They can be financial and non-financial companies.

Waterman Bank does not share with non affiliates so they can market to you.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market finacial products or services to you.

Waterman Bank does not jointly market.

Other Important Information

For Illinois Customers. We will not share personal information with non affiliates either for them to market to you or for joint marketing – without your authorization.

Effective June 2021